Understanding the overlap between the warranty and service agreement is key.
Service agreements vary widely depending on price and may not cover unscheduled maintenance.
A 'wait to fail' approach can result in significant unscheduled maintenance.
Owners need to understand their potential exposure to additional costs.
Daniel Stevens Head of Engineering, Renewable Energy
AXIS Insurance 52 Lime St, London EC2M 7AF UK
Find out more at axiscapital.com
This material is for general information and education purposes. The advice and recommendations in this document may help to reduce the risk of property loss and business interruption. Implementing these recommendations does not guarantee the avoidance of loss or that all reasonable preventative measures have been taken. By providing this advice and recommendations, AXIS does not relieve the owner or others of their duties and obligations with respect to assessing and implementing loss prevention measures. AXIS disclaims any liability with respect to loss prevention or loss mitigation programs.